TMA Club has announced an exclusive two-year discount deal for self-employed borrowers with Buckinghamshire Building Society.
The new product – which was designed for borrowers who fit non-standard credit criteria – will be available exclusively to TMA Club intermediaries for the next six weeks, before a full, market-wide launch in December.
The product is available for both purchase and remortgage with a two-year discounted rate of 3.59% (1.65% discount off the current SVR of 5.24%) and is available up to 70% LTV, with a maximum loan size of £500,000.
The building society has agreed to offer this product to self-employed applicants for the first time as it recognised the rising number of borrowers that were now working in more flexible arrangements.
Tim Vigeon, head of lending at Buckinghamshire Building Society, said that the self-employed market was continuing to grow exponentially, and it had chosen TMA to reach out to this sector.
“We are confident that working with TMA will aid greatly in developing our product range and managing distribution so that more intermediaries can take advantage of this exclusive deal before we roll out to the wider market.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
300 companies sign up to Women in Finance Charter
A total of 300 companies have now signed up to HM Treasury’s Women in Finance Charter....
Hanley Economic offers self-build product in Scotland
Hanley Economic Building Society has extended its self-build and residential mortgage offerings into Scotland with immediate effect...
Why it’s important to encourage female entrepreneurs
On Women’s Entrepreneurship Day, we honour women in business, their fearless ambition, their achievements and successes...
TSB names new CEO
The board of TSB Bank PLC – with the support of Sabadell – has announced that Debbie Crosbie (pictured above) will become its new CEO in 2019, subject to regulatory approval...
Tandem opens community beta testing for autosavings
Tandem has invited its existing app users to join its autosavings beta testing community to help test its new proposition...
Secure Trust Bank enters Right to Buy market
Secure Trust Bank Mortgages (STB) has launched into the Right to Buy market with a range of mortgages for tenants looking to purchase their existing home...
Starling announces partnership with the Post Office
Starling Bank has announced that it has partnered with the Post Office as it looks to offer every day banking services to its customers...
Close Brothers appoints new NED
Close Brothers Group PLC has named Peter Duffy as an independent non-executive director...
What’s missing from the specialist banking market?
Two months ago, Specialist Banking published a feature looking at whether there was room for more banks in the sector...
TransferWise secures £65m syndicated debt facility
TransferWise has completed a £65m syndicated debt facility with NatWest, JP Morgan and LHV Bank...
EedenBull AS names non-executive chairman
New fintech company EedenBull AS has appointed Jeremy Nicholds as its non-executive chairman of the board...